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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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Dec 11, 2012
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google a clean name. not a lot of flies on it. challenging 50 day moving average of 58, looks like she wants to take it out for good. stock looks terrific. >> delta. >> delta is fantastic. stake in virgin. they are buying a company that had a $130 million loss in the last calendar year. the better trade who got the 360 million, singapore airlines if you're in the emerging marketplace, i think that's the main going. >> best buy getting a drop. >> no nice, just one day away. no reason to walk in the store and buy anything when you do it online probably cheaper than free delivery. continue to stay away. >> a drop for twinkies of it's a sad day for twinkie fans around the world as the final shipment of snacks hit the shelves this morning. 20,000 boxes sent to a chicago-area chain where customers lined up early to get the sugar fix. could be a lining, investors are looking to buy, may not be good-bye to twinkie the kid. final trades are next. americans believe they should be in charge of their own future. how they'll live tomorrow. for
google a clean name. not a lot of flies on it. challenging 50 day moving average of 58, looks like she wants to take it out for good. stock looks terrific. >> delta. >> delta is fantastic. stake in virgin. they are buying a company that had a $130 million loss in the last calendar year. the better trade who got the 360 million, singapore airlines if you're in the emerging marketplace, i think that's the main going. >> best buy getting a drop. >> no nice, just one day...
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Dec 13, 2012
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it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly monetize u >> kansas city, delivering one gigabyte for $30 a month. so interesting to follow this company, generating enormous amounts of cash flow. >> trade off of that. invest in it, they are investing so much in the future. the idea of a superior map product driving google over 700, starting to climb back where it was after that horribly disappointing quarter? i got facebook at 20. i get that. facebook said we got a way to monetize, but the idea, wow, you know what, those maps, which we know are superior, we should buy google off it? >> maybe just the people are taking money out of apple and putting it elsewher
it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly...
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Dec 11, 2012
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google made a bid, $6 billion. this is a business that hasn't evolved the way anyone would expect. would they buy it? who knows. >> can you believe they knocked back google's offer in 2010 and instead decided to go public. >> i forgot you were there. >> by the way, i was just off camera seeing how the sausage is made because this the ultimate sausage manufacturing facility. i heard that. i never said groogle, dieseline but never that. >> i thought who it was an efficient use of google and groupon. >> may be that if rumors are right. if rumors are right, it may be that. we may have that before long. >> by the way, herb, can you stick around for this one as well because i believe you've got a little bet hanging in the balance, brian. jcpenney, your prediction. >> stocks up a bit. before the prediction, i want to say, enof the year isn't here. stock has to go up 15 points. if it does, still beat brian on the bet. >> you think jcpenney is going to double in two weeks. >> i said all it has to do is rise another 15 points. >> jan turned positive, talked to a focus group who said they lov
google made a bid, $6 billion. this is a business that hasn't evolved the way anyone would expect. would they buy it? who knows. >> can you believe they knocked back google's offer in 2010 and instead decided to go public. >> i forgot you were there. >> by the way, i was just off camera seeing how the sausage is made because this the ultimate sausage manufacturing facility. i heard that. i never said groogle, dieseline but never that. >> i thought who it was an efficient...
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Dec 12, 2012
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if you can find companies like google and apple, you would stay with apple? >> absolutely. one of the great bragrands domit here, apple will do well. >> you are saying, keep your eye on the longer term. don't look at every breath for this clip business. try to have a long der term. >> if you are trying to dance aren't what a politician is saying over here. in guesting for the long-term you have to look three or five years out. >> all right folks the real divide in america is not just the rich and the poor it is between private and public workers. don't think the folks haven't figured that out. we have an eye opening poll for you on that subject. stay with us please. work hard . since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ [ engine revs ] ♪ [ male anno
if you can find companies like google and apple, you would stay with apple? >> absolutely. one of the great bragrands domit here, apple will do well. >> you are saying, keep your eye on the longer term. don't look at every breath for this clip business. try to have a long der term. >> if you are trying to dance aren't what a politician is saying over here. in guesting for the long-term you have to look three or five years out. >> all right folks the real divide in...
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Dec 13, 2012
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google unveiling its new map for the iphone after given the boot by apple. who will win this battle? and shares of best buy, moving up by, look at that, nearly 15% today. reports its founder could make a take over offer for that retailer, but is that the best move? my partner, sue herera at the new york stock exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right now, the dow is down 57 points on the trading session. most of that drop cake after mr. boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very impor
google unveiling its new map for the iphone after given the boot by apple. who will win this battle? and shares of best buy, moving up by, look at that, nearly 15% today. reports its founder could make a take over offer for that retailer, but is that the best move? my partner, sue herera at the new york stock exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right...
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Dec 13, 2012
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google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed world. these companies if they bring that money back to the united states will be double taxed on top of what they paid oversea, yes, with some credit so maybe it doesn't get too much above 35% but we are shooting ourselves in the foot with very bad corporate tax policy. >> will president obama clahang that with this talk of corporate tax reform? >> i don't want to burst your bubble. i'm not sure the administration is serious about this. we've seen there idea of corporate tax reform and it makes our world wide tax system more expansive so companies don't even have the ability to delay the second layer of tax. i t
google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed...
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Dec 6, 2012
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that isn't working out so well for them but google is also trying to do this. this isn't just a apple thing. a number of companies trying to do some manufacturing here. apple last quarter made about 50 million things. they are a huge manufacturer. just under 1 million of those were desktop macs. so we're talking about a small sliver of what apple actually makes. >> jon, i wonder, how you would characterize the change in culture from steve jobs to tim cook. i might characterize it this way. mr. cook feels like velvet glove, iron fist. mr. jobs was iron glove, iron fist. >> well, i'm not sure which glove hits harder. you take a look at some of the executive shuffling that we've seen under the tim cook regime. that's significant. we didn't see steve jobs do things quite in that way so he's not afraid to make changes. he's also done stuff with a dividend that we've seen. he's done things with apple, also being more open with wall street. so a few things that he's done also in charitable giving that are different. >> i would chime in and add, this is definitely a mo
that isn't working out so well for them but google is also trying to do this. this isn't just a apple thing. a number of companies trying to do some manufacturing here. apple last quarter made about 50 million things. they are a huge manufacturer. just under 1 million of those were desktop macs. so we're talking about a small sliver of what apple actually makes. >> jon, i wonder, how you would characterize the change in culture from steve jobs to tim cook. i might characterize it this...
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neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the government. still at 33 bucks even though it's down after-hours up from the re-ipo after the financial crisis. >> and it's something that will make the ceo very, very happy. the last couple times he's been on this program, he has been campaigning publicly for the government to do just that. he wants them off his balance sheet and off his back. >> it was an unpopular risk to begin with. so brings this all into the era. >> as kayla pointed out, it turned out to be profitable for the country. >> absolutely. >>> in the meantime, death tax would jump. we talk about why it might cost someone'
neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the...
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the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >> wash my hair. no, i had a -- no, i would have come. i did. i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually
the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >>...
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google stock in frankfurt down 0.4%. and after several days of public pronouncements and posturing, budget talks have privately resume between the staff of john boehner and the white house. this breaks a near week long silence between the two sides as the deadline to avoid the fiscal cliff looms. president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly
google stock in frankfurt down 0.4%. and after several days of public pronouncements and posturing, budget talks have privately resume between the staff of john boehner and the white house. this breaks a near week long silence between the two sides as the deadline to avoid the fiscal cliff looms. president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls...
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but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man w
but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run....
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this is after members of parliament accused the likes of starbucks, google and amazon of immorally dodging taxes in the uk. although they've done absolutely nothing illegal. steve is braving the inclement weather in the uk with more on this story. how much of a mention and a focus is this going to get with everything else, steve? >> well, isn't it wonderful, the politicians when they're running for their own lives look for another scapegoat, and who better than those u.s. corporations who aren't paying enough uk tax. but as you quite rightly said, they're doing absolutely nothing illegal and doing everything that they should do in terms of creating shareholder value. they're doing what they should do, ie looking for ways to minimize their tax burden, increase their profit and potentially increase the special dividends no those u.s. investors will be getting ahead of the fiscal cliff. but let's get another view of this. gary richards is a senior corporate tax partner. that's the point. these american companies who are evading taxes who the politicians want to come down on, they're doing not
this is after members of parliament accused the likes of starbucks, google and amazon of immorally dodging taxes in the uk. although they've done absolutely nothing illegal. steve is braving the inclement weather in the uk with more on this story. how much of a mention and a focus is this going to get with everything else, steve? >> well, isn't it wonderful, the politicians when they're running for their own lives look for another scapegoat, and who better than those u.s. corporations who...
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and decided online education is next and google didn't want to do it and we're backing him and it will be fun to see. >> marc andreessen, thank you for being here. send it back to the studios. >> this is embarrassing. she is like throwing herself at the camera. i've never seen this side of you. >> there's so few voices willing to say what he said out loud. >> andrew, we asked him to guest host. he can talk the disrupter stuff and politics. >> he's the ultimate disrupter. >> another guy came out. will you do that? >> marc? >> we will have him come out. he's on his way back. >> becky will be back by then so you don't have to worry about me. >> right. exactly. got it. >> she'll leave the ring. >> need some muscle to keep you away. >>> the weird thing with twitter you have only tweeted in your career 709 times. >> you're tracking me? >> no, i just looked. i don't know why they picked me. they must like the silent. i guess less is more because we're not big tweeters, the two of us. >> hold on. while we are on this topic and before he goes, marc andreessen not only has an investment but has
and decided online education is next and google didn't want to do it and we're backing him and it will be fun to see. >> marc andreessen, thank you for being here. send it back to the studios. >> this is embarrassing. she is like throwing herself at the camera. i've never seen this side of you. >> there's so few voices willing to say what he said out loud. >> andrew, we asked him to guest host. he can talk the disrupter stuff and politics. >> he's the ultimate...
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google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years ago apple had 58% of its cash in the u.s. this is actually a big issue for a company like cisco where john chambers has been very straightforward about saying if the federal government lets us repay treeuate this cash, bring it to the u.s. without a big penalty, we'll use it to hire and grow in this country. if not we'll hire less and, by the way, keep making bigger overseas acquisitions, too. all of this gets a bit dicier when you consider a lot of u.s. companies have gotten pretty good at avoiding tax on international sales by using
google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years...
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by analysts a forecast by an influential research firm suggesting the iphone iphone is giving up to google's headlines. apple accounts for the entirely of the mass dnasdaq's fall of 1. apple is enjoying its best day since early last week. didn't close on its highs but equities up 8% points or so. futures back in positive territory, up 15 and down and up five or so. everybody's watching what's going on in d.c. overnight in asia it was mixed but not big moves sni where, japan had a good day and in europe we have green roar rows yesterday morning which pour tended good things for us here, germany doing the best. >> as expect the bank of england and european central banks left their ratings unchanged. mario draghi will hold his post meeting news conference. steve liesman has more exclusive raults from our all-america economic survey. >> what do people think about the fiscal cliff. consumer confidence has remind high. business confidence is down so the first thing we want to know, that's not the right chart, we want to do on whether or not people heard about the fiscal cliff. have you heard of it
by analysts a forecast by an influential research firm suggesting the iphone iphone is giving up to google's headlines. apple accounts for the entirely of the mass dnasdaq's fall of 1. apple is enjoying its best day since early last week. didn't close on its highs but equities up 8% points or so. futures back in positive territory, up 15 and down and up five or so. everybody's watching what's going on in d.c. overnight in asia it was mixed but not big moves sni where, japan had a good day and...